While Tesla CEO Elon Musk isn't in any danger of struggling to make ends meet, his wealth has taken a significant hit recently as shares of the electric vehicle company tumble on the stock market. Some analysts say it's an indication that Musk's controversial comments and connection to the Trump administration are having an impact on his personal riches.

Billionaire presidential adviser Elon Musk called entitlement spending — including Social Security and Medicare — a key target for cuts, arguing the federal programs are plagued by fraud.

Elon Musk’s role in the Trump administration is complicating his business ventures, as the tech billionaire pushes forward with efforts to slash the federal